Fortress Skips Dividend For Eighth-Straight Quarter

Jun 24 2010 | 7:16am ET

If something doesn’t change for two whole years, is it still news?

News or not, Fortress Investment Group said it won’t pay a second-quarter dividend. The alternative investments giant has not paid a dividend to investors since the second quarter of 2008.

As with the previous seven quarters, Fortress said it would hold onto the capital that would have otherwise paid the dividend “for potential future investment opportunities and for working capital purposes.”

New York-based Fortress, which manages about $32 billion, posted a first-quarter loss, but saw the performance of its funds and its fee income rise sharply.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note